Shares of Perion Network Ltd (NASDAQ:PERI) have been given an average broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Perion Network’s rating score has improved by 20% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $5.50 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Perion Network an industry rank of 76 out of 256 based on the ratings given to related companies.
PERI has been the subject of a number of research analyst reports. TheStreet downgraded Perion Network from a “c” rating to a “d+” rating in a report on Wednesday, July 17th. ValuEngine upgraded Perion Network from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Lake Street Capital initiated coverage on Perion Network in a report on Monday, July 8th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Zacks Investment Research downgraded Perion Network from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd.
A hedge fund recently raised its stake in Perion Network stock. Jane Street Group LLC increased its holdings in shares of Perion Network Ltd (NASDAQ:PERI) by 30.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,182 shares of the technology company’s stock after purchasing an additional 10,991 shares during the period. Jane Street Group LLC owned 0.18% of Perion Network worth $123,000 as of its most recent filing with the Securities and Exchange Commission. 10.38% of the stock is currently owned by hedge funds and other institutional investors.
PERI traded down $0.07 during trading on Wednesday, hitting $4.45. The company’s stock had a trading volume of 240,676 shares, compared to its average volume of 222,731. The business has a 50 day simple moving average of $3.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $117.88 million, a PE ratio of 14.35, a PEG ratio of 2.38 and a beta of 1.06. Perion Network has a twelve month low of $2.47 and a twelve month high of $4.72.
Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $53.85 million during the quarter, compared to the consensus estimate of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. As a group, research analysts expect that Perion Network will post 0.32 EPS for the current year.
About Perion Network
Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.
Recommended Story: Return on Investment (ROI) Defined, Explained
Get a free copy of the Zacks research report on Perion Network (PERI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Perion Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perion Network and related companies with MarketBeat.com's FREE daily email newsletter.